Exemption availability on rent received

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..... Exemption availability on rent received
Query (Issue) Started By: - RAKESH GARG Dated:- 4-6-2007 Last Reply Date:- 5-6-2007 Service Tax
Got 1 Reply
Service Tax
I have given a property to .....

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..... a company on which I receive annual rent of Rs. 500000.00. Whether I have to charge service tax on that or a exemption of Rs. 8,00,000.00 is available to me. Please also advise if the property is let .....

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..... out to company with five other coowners. and each getting Rs. 5,00,000.00 Then what will be the position regarding service tax. Please advise. Reply By Madhukar N Hiregange: The Reply: ST is on the s .....

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..... ervice receiver and not on the property. Therefore the 8 lakhs exemption would be available to you as long as you do not provide any other taxable servcie. Co -owners who each receive less than 8 lakh .....

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..... s also would not be liable.
Discussion Forum - Knowledge Sharing .....

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